PANews reported on April 10 that the latest report by Ripple and Boston Consulting Group (BCG) predicts that the global asset tokenization market size may reach 18.9 trillion US dollars by 2033, with a compound annual growth rate of 53%. Tokenization is the process of converting real assets such as bonds and real estate into digital assets through blockchain, which can improve transaction efficiency and reduce costs. Currently, financial giants such as JPMorgan and BlackRock have launched related pilot projects.

The report points out that the driving force of tokenization comes from areas such as government bonds, private credit and carbon markets, and it also faces challenges such as infrastructure fragmentation and unclear supervision. Despite this, technology and market infrastructure are gradually improving, and Switzerland, the European Union, Singapore and other places have formulated clear rules. Ripple and BCG believe that tokenization may unlock trillions of dollars in value and promote the realization of a 24/7 market.